Cabot Corp (CBT) CEO Sean Keohane Receives Award of 284 Units

What happened Sean D. Keohane, President, CEO and Director of Cabot Corp (CBT), was granted 283.636 derivative units on 2026-09-11 valued at $79.68 each, totaling about $22,600. The Form 4 reports this as an award/grant (transaction code A) of derivative securities rather than an open-market purchase of shares.

Key details

• Transaction date and price: 2026-09-11; 283.636 units @ $79.68 each (total ≈ $22,600).
• Security type: Derivative award (phantom stock/stock-unit), reported as an "A" (award/grant).
• Conversion: Footnote indicates a 1-for-1 conversion (each unit converts to one share).
• Settlement/vesting: Footnote notes these represent dividends paid on phantom stock units under the Corporation's Supplemental 401(k) Plan and are to be settled upon the reporting person's retirement or other termination of employment.
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Report filed 2026-09-14 for a 2026-09-11 transaction — within the Form 4 reporting window (timely).

Context This was a compensation-related derivative grant (deferred/phantom stock units) to an executive and does not represent an immediate cash purchase or sale of Cabot shares. Such awards are common for executive pay and are typically settled in shares or cash at retirement/termination per the plan provisions.